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Archi Indonesia (ARCI) Is Busy Hunting for Gold Reserves

10 July 2021

JAKARTA. One of the largest pure-play gold producers in Southeast Asia, PT Archi Indonesia Tbk (ARCI), is determined to continue to increase gold production. This is done by encouraging exploration in order to find new gold ore reserves and increase the capacity of processing plants.This year, Archi prepared capital expenditure aka capital expenditure (capex) of US $ 70 million-US $ 80 million, or the equivalent of Rp 1 trillion-Rp 1.2 trillion. "The funds will be used for exploration activities, plant capacity building, and other purposes," said Archi Company Secretary Harry Margaran, Friday (9/7). This capital expenditure fund will come from the company's internal cash.

Source:https://insight.kontan.co.id/news/archi-indonesia-arci-sibuk-berburu-cadangan-emas